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Search Results 0 to 13 of about 14 (some duplicates have been removed)
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
, hi, there, thomas. it seemed like forget hope for getting a big deal done in the arena of $4 tril john lion in tt decade was dwindling, but republicans would not accept a deal that big and they wanted $2 trillion over the next decade, but as you mentioned president obama came out today swinging, upping the ante saying he does indeed want a big deal done and if not now, when? and he essentially tried to assume the position of the adult in the room calling on the lawmakers to rip off the band-aids and eat the peas and call to action for democrats and republicans and calling the democrats to come to the table for entitlement reforms, and the republicans for rolling back the tax breaks for wealthy americans and big corporations, and it seemed like at the last of last week, the president and the speaker boehner may have been moving in the same direction, but then speaker boehner said we cannot support anything that looks like a tax increase. and so the president addressed that in his conversation today, and he said that any tax brea increases would not take effect immediately. >> when
now, august 2nd is the big date, and the hard deadline or the u.s. default defaults on the $14.3 trillion debt. the white house says that lawmakers need a basic plan in place by today if they are going to be able to craft a bill in time to avert a default. nbc's kristen welker is following all of this for us live at the white house. kristen, good afternoon. where do we go from here? what is the bottom line? a lot of talking from the white house and the republicans and where does it all stand and what is next? >> hi, there, jeff. house speaker john boehner and president obama are saying that they are not close to a deal, but there has certainly been a lot of chatter about a potential deal. here is what it would look like. it would involve $3 trillion in deficit reductions over the next decade. it would include immediate cus s to discretionary spending right off of the top, and then over time, you'd see some changes in entitlements things like social security and medicare and also some changes to the tax code including a roll back for tax breaks for the wealthy americans and the
a big deal. so what is a big deal? white house officials tell me anything over $2 trillion, but he is pushing for more in the area of cuts that would equal $4 trillion over the next 10 to 12 years. now, this all comes against the backdrop of a report today in the "washington post" saying thatm president obama is putting social security on the table along with medicare and medicaid and when we asked the white house about this, they said, look, this is not news. the president has always supported the idea of small cuts in those entitlement programs to make them more effective as long as the cuts didn't impact beneficiaries and having said that some folks on the hill say there are some scenarios which would see a major overhaul of the entitlement programs, but the white house says they would not want to see anything to overhaul the main programs. but one of the sticking points here, thomas, is taxes. democrats want to see a rollback in tax credits for the wealthy americans and in big corporations, and the republicans have said no way, we don't support anything that looks like a tax in
to respond. >> i think that i would describe it as dire. and we have three really big problems. we have a spending problem. we have a debt problem. and we have a jobs problem. >> wall street's reaction to all of this a sea of red there. you see the dow down 103 points, and the s&p down as well as the nasdaq. joining me is washington post columnist ezra klein who is also an msnbc contributor, and ezra, thank you for your time, and let's look at the big picture here, because this big number here, you can use the words disappointing and abysmal, and unsettling, and that is not good news for the obama administration, and what do you say? >> i use stronger words than that terrible. it is larger than the obama administration, because we see that the economy is not recovering. since march, we have added 540,000 people, and that is not a slow recovery, but the opposite of recovery, backsliding. meanwhile, washington is caught in the same narrow arguments, and john boehner says debt and spending. no, we need to focus now on jobs and we need to make that priority number one and not endlessly argu
out as quickly as we expected, and so that's continued to be a big drag on the economy. we've had to revamp our housing programs several times to try to help people stay in their homes and try to start lifting home values up, but of all the things we've done, that's probably been the area that's been most stubborn to us trying to solve the problem. >> mr. president, 27% of our questions are in the jobs category, as can you see from the screen over here. how next question has to do about jobs and technology. it comes from david. tech and knowledge industries are thriving, yet jobs discussion always centers on manufacturing. why not be realistic about jobs? >> it's not an either/or question. it's a both/and question. we have to be successful at the cutting edge industries of the future like twitter. but we also have always been a country that makes stuff, and manufacturing jobs end up having both higher wages typically, and they also have bigger multiplier effects, so one manufacturing job can support a range of other jobs, suppliers and restaurants near the plant and so forth so th
for republicans and no real cuts to entitlements so is that the big issues dodged in both of the plans, and the thing is, also, thomas, speaker boehner is a more short-term deal that speaker boehner says they do not want to pass, but what can be done reality and legislatively in the eight-day window that you mentioned. you have the two plans going on the own train, and jay carney said we need a train to reach the station. and it is interesting if harry reid can get cloture on his plan and whether or not one of these is the ones that are left at the end that one side has to stomach. it is looking certainly to be like that, thomas. >> nbc's luke russert on capitol hill, and we will wait and watch. thanks, luke. >> indeed. >>> and the u.s. is urging the imof the raise the ceiling and cut friending. they say that the u.s. should concentrate on entitlement reform. and now a new poll is that the u.s. citizens are losing faith in their lawmakers. 71% say they are not very confident or not confident at all. that is coming up with lawmakers and whether or not they will be able to reach a deal.
will be raised by next week, but the big question that everybody is asking is how is this going to happen, because it seems that all sides are digging in the heels and the white house continuing to insist that the president would veto a short term plan which is that plan put forth by speaker boehner that is as kelly mentioned would increase the debt ceiling in increments for the first time for six months, and press secretary jay carney, again, today saying that the president would veto that if it made it to his desk, and carney saying that bill would doubtfully pass the senate, but the president said in the remarks last night he does support the plan put forth by reid which would of course, decrease the deficit by $2.7 trillion and raise the deficit through 2012, and here is what press secretary jay carney had to say about the reid plan earlier today. >> it is a legitimate compromise measure. we believe it could pass the senate and the house if folks gave it a fair shake, and we appreciate senator reid putting it forward. the fact that there remains confidence in the world that washington
factor in the obesity, and it seems like a big stretch. >> okay. wow. we will see what happens with the legal action and the debate especially when we look at the numbers for obesity of children and adults in the country, because it is stunning. thank you, kevin, for coming out to tell your side of the story. >> thank for having me. >>> and the fallout of the "news of the world" phone hacking stretching the globe. there are reports that british investigators are looking for potential phone hacking of 31 reporters at 31 different publications. and scotland yard has expanded the investigation to 60 officers, and meanwhile in australia, their government is introducing legislation allowing citizens to sue for serious invasion of privacy. >>> and coming up, alabama followed arizona passing a tougher immigration law to make it against the law to take an illegal immigrant to the hospital. today a civil rights organization filed a lawsuit to challenge the law. and i will talk to the alabama lawmaker who calls the legislation one of the most awful laws ever passed in the state. >>> and
update on the situation in mumbai. >>> now to our other top story, several big developments in the explosive hacking scandal threatening rupert murdoch's media empire. earlier today, news corp suddenly called off its $12 billion bid to take over british sky broadcasting, the largest satellite broadcaster and hours before parliament was scheduled to vote against that deal. also today, prime minister david cameron said he would look into allegations that 9/11 victims were targeted in the scandal and here at home, new york senator jay rockefeller wants the fbi to look into whether the scandal has crossed the pond. rockefeller and others want to know if news corp's papers have broken u.s. laws and spied on people here in the states. nbc's stephanie gosk joins us now from london. there was pressure for news corp to pull out of this deal, and they caved into the pressure here. >> reporter: british politicians are much like american politicians, don't agree on much, but came together over this issue. they felt that murdoch needed to back off of this deal, a multi-billion deal to ac
Search Results 0 to 13 of about 14 (some duplicates have been removed)